Kuwaiti dinar

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Kuwaiti dinar
دينار كويتي (Arabic)
1 Dinar banknote of Kuwait (sixth edition)
1 Dinar banknote of Kuwait (sixth edition)
ISO 4217 Code KWD
User(s)  Kuwait
Inflation 1.5%
Source The World Factbook, 2017 est.
Pegged with Undisclosed currency basket[1]
$1 USD = 0.29963 KD
Subunit
11,000 fils
Symbol د.ك or KD
Coins 1, 5, 10, 20, 50, 100 fils
Banknotes ¼, ½, 1, 5, 10, 20 dinars
Central bank Central Bank of Kuwait
Website [http://www.cbk.gov.kw www.cbk.gov.kw]

Kuwaiti dinar (Arabic: دينار كويتي, code: KWD) is the official currency of the State of Kuwait.It is issued by the Central Bank of Kuwait. The first Kuwaiti dinar was issued by the Kuwaiti Monetary Council in 1960 AD. it was a replacement for the Indian rupee, which was used then.

The first twenty dinars banknote was issued on February 9, 1986. The Central Bank of Kuwait issued six releases, the last of which was in 2014. The Kuwaiti dinar is divided into 1000 fils. The Kuwaiti dinar has the highest exchange rate in the world.

References[change | change source]

  1. "Exchange Rate Policy". www.cbk.gov.kw. Archived from the original on 28 December 2017. Retrieved 14 June 2016.